KWB Blog

The latest financial news and accounting tips from KWB.

Oct 20 2020
Canada Recovery Sickness Benefit (CRSB) Explained

“The Canada Recovery Sickness Benefit (CRSB) gives income support to employed and self-employed individuals who are unable to work because they are sick or need to self-isolate due to COVID-19, or have an underlying health condition that puts them at greater risk of getting COVID-19. The CRSB is administered by the Canada Revenue Agency (CRA). If you […]

Oct 2 2020
CERB has ended – What happens now?

The Canada Emergency Response Benefit (CERB) has ended for many participants.  So what happens now?  Transitioning from CERB to Employment Insurance Those who have not yet hit the 28-week maximum will continue receiving their CERB payment until they max out or reach October 3rd. New applicants who now realize they were eligible at any point […]

Apr 23 2020
Self Isolation Ideas

Tips for for the entire family Ideas for families with children Set up video chat ‘play dates’ with school friends Don’t forget about your own needs. Keep up meditation, yoga and exercise. Take time to prepare meals together, get creative, let the children take control! Perfect time to Marie Kondo your child’s bedroom, together. Got a crafty […]

Apr 3 2020
New Protocol for Applying for the Canada Emergency Response Benefit (CERB) – 3 April 2020

Due to the volume of Canadians applying for the Canada Emergency Response Benefit (CERB), the Canadian Revenue Agency has set new protocol for applying: If you were born in January, February or March, you may apply on Mondays If you were born in April, May or June, you may apply on Tuesdays. If you were […]

Apr 3 2020
KWB Summary of Relief Programs – Federal and Provincial – 3 April 2020

To our friends, clients, and business partners, We hope this newsletter finds you well and healthy. The volume of information we’ve received from provincial and federal governments over the last few weeks has been significant and a bit of a moving target, so we’ve put together a summary of all the relief programs that have […]

Mar 20 2020
Tax News and Changes – COVID-19

The Prime Minister and the Minister of Finance announced on March 18th an economic relief package to begin addressing the economic impacts of the COVID-19 pandemic. Part of the economic relief package includes tax relief for individuals and businesses. Filing Deadline Extensions The deadline for filing personal income tax returns will be extended to June […]

Mar 20 2020
Resources for Canadian Businesses – COVID-19

Small and medium-sized businesses are the backbone of the Canadian economy. During this extraordinary time, the Government of Canada is taking strong action to help Canadian businesses as COVID-19 is affecting them, their employees and their families. The Government and public health officials are urging all Canadians to: stay home unless it is absolutely essential […]

Mar 17 2020
Payroll FAQ – COVID-19

With the current situation in Alberta there are many unknowns regarding the proper payroll treatment related to leaves and layoffs.  This could change daily however this is the information that we were provided by the Canadian Payroll Association on March 17, 2020. Sick Leave – Alberta On Friday, March 13, 2020 the Alberta government announced […]